Scattered Clouds
clouds

18 April 2024

Amman

Thursday

71.6 F

22°

Home / Jordan News

Jordan imports Iraqi oil with $16 discount on Brent price per barrel

02-02-2021 12:28 PM

Hala Zawati

Ammon News - Jordan receives Iraqi oil with a discount of $16 from the price of Brent crude per barrel, to cover the difference of transport costs and deviations in specifications, Minister of Energy and Mineral Resources Hala Zawati said on Tuesday.

This came in response to a query by the Jordan News Agency (Petra) regarding a memorandum of understanding (MoU) signed in 2019, under which Jordan buys 10,000 barrels of crude oil per day from Iraq, transported by land in a back-and-forth trip estimated of about 2550 km.

"Since September 2019 until the end of November 2020, Jordan imported about 3,471 million barrels, and under the terms of the MoU, Jordan shall provide oil tankers to transport crude oil from Baiji area in Iraq to the Jordan Petroleum Refinery Company in Zarqa," she added, indicating that the oil exported covers 7 percent of the Kingdom’s daily oil needs, the Jordan News Agency, Petra reported.

The minister pointed out that the MoU was signed to bolster the Jordan-Iraq land import, and what follows from rehabilitating the roads and operating the two countries' tanker fleet in order to serve their interests.




No comments

Notice
All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.
name : *
email
show email
comment : *
Verification code : Refresh
write code :